NNN Leased Multi-Tenant Investment - Kirtland NM

Retail-Commercial for Sale
Catylist Listing ID: 30737502
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 21,190 SF
Gross Building Area: See Agent
Gross Land Area: 2.40 Acres
Sale Price: $1,900,000
Unit Price: $89.66 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.29%
Average Occupancy Rate: 48
Last Updated: 9/13/2021

Overview / Comments

• 100% investment property located along US Hwy 64 in Kirtland, NM
• New 10-year NNN corporate lease with Dollar Tree (Exp. 10-31-2029)
• Excellent high traffic location with 20,087 VPD
• Across from Kirtland Central High School and Kirtland Middle School
• Surrounded by National Retailers - Ashley Homestore, AutoZone, Dollar
General, KFC, Family Dollar, Dairy Queen and more
• Within a 15 minute drive of the property there are 32,814 people
with an average household income of $61,264

Attachments & Media

Additional Details

Nearest MSA: Farmington
County: San Juan
Taxing Authority: San Juan County
Tax ID/APN: R8000041
Property Located Between: On US Hwy 64 in Kirtland NM
Property Visibility: Excellent
Traffic/Vehicle Count: 20,087
Highway Access: On Hwy 64
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Roof Type: Flat
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,435 8,196 11,455
Median Age: 33.68 30.82 30.78
Households: 830 2,475 3,468


Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
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